Recently published blog post from Xcalibra regarding the upcoming shift for the platform to a licensed model. This will require all members to be KYC verified by September 15th, 2020. Non verified members will have until January 31, 2021 to withdraw their funds.
Success with this move will mean a regulated environment for acquisition and liquidation of crypto assets directly for Euros (EUR) and Swiss Francs (CHF). These include Safex Cash (SFX), Safex Token (SFT), Bitcoin(BTC), and Ethereum (ETH).
Having a credible place to do business with crypto merged with banking at a sustainable scale can benefit from this emergence.
And it comes at a time after more than a year of team work, development, and care.
You can read the full text and see screenshots of the upcoming “Managed Account” feature: